It's the unfunded liabilities that will be the real killer. The USA may stiff the foreigners (none will stand up to it), but the citizenry will hang all members of Congress if it doesn't get its entitlements as promised.

How come that 100% of GDP is financed with government deficit and still the economy growing and still there is a multiplier effect? Mate what he meant is the difference between spending and receipts as a % of GDP